Regardless of how you view a redundancy there are some common issues that must be considered.

How you deal with these issues will determine whether this potentially frightening event has a negative effect on you and your loved ones or simply provides you with an opportunity to try new things whilst maintaining or improving your current lifestyle.

Issues such as:

• Do you have the necessary skills to find another job?
  • If so, will your new job pay you a similar amount of income so that you can maintain your lifestyle?
  • If not, what will you do?
• How will you cope with your ongoing commitments?
  • What should you do about your debts e.g. mortgage or personal loans?
• How long will your redundancy payout last?

Medina has the expertise to help you make the transition as painless as possible.

We will help you:

• Interpret the complex paper work you receive following a redundancy
• Minimise Termination Payments & Superannuation Surcharges
• Minimise Lump Sum tax liabilities
• Determine the most effective way of investing your superannuation and other benefits
• Manage your ongoing commitments & debts
• Maximise potential Centrelink entitlements

To maximise your redundancy payout and avoid unnecessary losses contact Medina Financial Group today.